Cryptocurrency lender Celsius, which declared bankruptcy last month, has dropped a request to pay a former executive $93,000 a month while it moves through legal proceedings.
in July with about $167 million in cash on hand and assets worth $4.3 billion, while owing about $4.7 billion to users, according to bankruptcy filings. The company froze users' accounts on June 13 as cryptocurrencies were plummeting in value and many investors were trying to withdraw their funds.
"I have been saving for years to amass the sum that I had in Celsius," he said."This is gross negligence and a complete disrespect to the people that have lost their livelihoods over this. I pray the justice system does its job and does not allow the rich to continue stealing from the poor."
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